Yuga Labs and Magic Eden are joining forces to introduce a new NFT marketplace. They are teaming up to create this platform for the NFT community. In an important move for the NFT community, Yuga Labs, the team behind Bored Ape Yacht Club, is teaming up with Magic Eden, a well-known NFT marketplace that operates…
Elon Musk suggested that NFT projects should save the actual image (JPEG) on the blockchain. This idea made Bitcoin enthusiasts happy. Elon Musk, the CEO of Tesla and a billionaire, made fun of non-fungible tokens (NFTs) during a podcast interview on The Joe Rogan Experience. He pointed out that many NFTs are just links to…
A U.S. court has ruled that Ryder Ripps and Jeremy Cahen must pay Yuga Labs $1.57 million in a lawsuit related to Bored Ape Yacht Club (BAYC) NFTs. Yuga Labs received $1.37 million for disgorgement and an additional $200,000 in statutory damages. The court rejected the “satire” defense, stating that the defendants intentionally infringed on…
Magic Eden, a community-centric NFT marketplace, recently decided to halt Bitcoin BRC-20 trading temporarily. This move comes in response to a significant drop in trading activity and aims to safeguard users’ interests. Importantly, while Bitcoin BRC-20 trading is on hold, other trading activities on the platform remain unaffected. Magic Eden made this decision to ensure user…
China Daily, a well-known newspaper linked to the Chinese Communist Party, is allocating 2.813 million Yuan (about $390,000) to develop its own metaverse and non-fungible tokens (NFT) platform. The newspaper has issued a public tender, inviting bids from domestic and international blockchain companies to build this platform. The chosen contractor should be capable of…
To celebrate its Formula 1 history, Honda intends to distribute exclusive NFTs to fans during upcoming races in Japan. At the Formula 1 Honda & Red Bull Welcome Event in Tokyo on Sept. 20, Honda will give away limited-edition NFTs to attendees. Fans can enter a lottery to purchase event tickets and have a chance…
Solana’s prominent NFT marketplace is causing a stir, with its daily trading volume nearly matching that of all Ethereum-based NFT platforms combined. This achievement highlights the impressive harmony between Solana’s user-friendly, cost-effective blockchain and the ever-popular world of NFTs. What makes this noteworthy? Well, Solana’s blockchain doesn’t just boast speed; it’s also exceptionally accessible. When…
“Krafton, the company behind PUBG, is entering the world of NFTs and the metaverse with ‘Overdare,’ a creation-centric platform.” South Korean game company Krafton, famous for PUBG, is entering the NFT and metaverse realm with its project ‘Overdare.’ The game is set for a soft launch in December and a full release between January and…
Stoner Cats 2 LLC (SC2), known for the “Stoner Cats” animated series, faced legal issues with the SEC. They were charged with selling over 10,000 NFTs at approximately $800 each without proper registration as crypto-asset securities. This NFT sale happened in just 35 minutes on July 27, 2021, and the funds raised were meant for…
Binance, a cryptocurrency exchange, is discontinuing its support for the Polygon Network on its NFT platform. Users are advised to withdraw their Polygon NFTs from the Binance NFT Marketplace by the end of the year. Binance’s NFT marketplace is discontinuing its support for the Polygon Network. The platform will stop supporting Polygon NFTs starting from…